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100 Walker Park Drive, Monroe, GA 30655
9,014 SF | Retail
Retail Property - Off Market
- Building Size:
- 9,014 SF
- Property Type:
- Property Sub-type:
- Free Standing Bldg
- Property Use Type:
- Net Lease Investment with
- 10+ years left on lease
- Cap Rate:
- Listing ID
- Last Updated
- over 1 year ago
The subject offering is a brand new, absolute triple-net leased Dollar General store with a 15-year lease term and four five-year options. Located in Monroe, Georgia, the building is well positioned on a 1.19 acre corner site. The building is fully constructed, and Dollar General is installing its furnishings, fixtures, and equipment. Anticipated first rent payment is February 1, 2012.
The 15-year triple-net corporate-lease structure provides an investor with zero landlord responsibilities, while benefiting from rent escalations in year 10 and in each of the options. The guarantee is from Dollar General corporate, a growing Fortune 500 company, with over $13B in revenue, and 37 percent growth since the Great Recession began. Dollar General was recently upgraded to BB+ by Standard & Poors.
Please fill out the attached confidentiality agreement. Thank you.
Neighboring properties include a nursing home, large church, a public school, a fire station, and a school bus maintenance center. These properties provide a constant source of Dollar General patrons who will have the opportunity to purchase their groceries during their work breaks, while waiting for their children to get out of school, or after leaving religious services.
Map of 100 Walker Park Drive, Monroe, GA 30655 (Walton County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P